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GE Exec Trotter Steps Down

<I>BusinessWeek</I> says he will go to a buyout firm.
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Lloyd Trotter, the chief executive of

General Electric's

(GE) - Get General Electric Company Report

industrial division, is leaving the conglomerate to join a New York buyout firm, according to a report.

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BusinessWeek

said that Trotter will leave GE next month and go to GenNx360 Capital Partners. The firm, the report said, is starting with more than half a billion dollars and will invest in commercial security, industrial water treatment, infrastructure and aerospace companies.

Trotter has been with GE since 1970.

This article was written by a staff member of TheStreet.com.